Background*

Mr. Ronald L. Nelson, also known as Ron, has been the Chairman and Chief Executive Officer of Avis Budget Group, Inc. (legal successor to Cendant Corporation) since August 2006 and has been its President and Chief Operating Officer since June 2010. Mr. Nelson served as the Chief Financial Officer of Avis Budget Group Inc. from May 12, 2003 to August 2006 and its President from October 2004 to August 2006. He served as Chief Financial Officer of Cendant Corporation from ... May 2003 to August 2006 and its President from October 2004 to August 2006. Mr. Nelson also served as Chairman and Chief Executive Officer of Cendant Corporation’s Vehicle Rental business from January 2006 to August 2006. From December 2005 to April 2006, he was interim Chief Executive Officer of Cendant Corporation’s former Travel Distribution Division. He Co-founded DW Studios L.L.C. (Formerly, DreamWorks L.L.C.) and served as its Chief Operating Officer from November 1994 to January 1, 2003. Mr. Nelson served as Principal Operating Executive of DreamWorks for nine years. Mr. Nelson served as an Executive Vice President and Chief Financial Officer of Paramount Communications, Inc. from January 1990 to March 1994. He served as Corporate Secretary of PFSB BanCorp. Inc. He has been Director of Zipcar, Inc. since March 14, 2013, Hanesbrands Inc. since July 21, 2008 and Avis Budget Group Inc. since April 14, 2003. He serves as a Director of Budget Rent A Car Limited. He has been an Independent Director of Convergys Corporation since August 15, 2008 and its Lead an Independent Director since May 1, 2013 He serves as a Director of Centre Pacific LLC. He served as a Director of PHH Corporation, a wholly owned subsidiary of Cendant Corp. He served as Director of Cendant Corporation since April 2003. He served as a Director of Advanced Tissue Sciences Inc. since June 1997. Mr. Nelson served as a Director of Charter Communications, Inc., since November 1999. He served as a Director at Paramount Communications, Inc. Mr. Nelson holds a B.S. Degree from the University of California at Berkeley and an M.B.A. Degree from the University of California at Los Angeles.

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